From my own feelings, this wave of market activity in the Hong Kong stock market is about to come to an end this year. Why do I say this? The Hang Seng Index has risen over 20% at its highest this year, and on the surface it seems to have outperformed the US stock market, but this performance is actually a bit 'abnormal'.
Friends who are familiar with the Hong Kong stock market know that the biggest problem is poor liquidity. The core reason for this year's steep rise is that there is 'more liquidity'. When the market heats up, you can definitely feel it. This wave of liquidity mainly comes from three aspects: first, funds from the south, with nearly 800 billion Hong Kong dollars pouring in over six months; second, the influx of foreign capital, with both money and people returning; third, large-scale share buybacks by listed companies like Alibaba, Tencent, and Meituan, which are at historical levels.
With these three forces, the Hong Kong stock market has experienced this wave of upswing this year. But the problem is, this liquidity won't always be this abundant. Particularly, funds from the south are mostly operated by institutions, and they are not trading based on fundamentals, but rather on sentiment + themes. You can see that new consumption, Gold, and MIXUE Group have risen absurdly this year, and their performance cannot support it at all.
More critically, the market has started a major drawdown. Ningde raised 35 billion Hong Kong dollars at once, while BYD and Xiaomi have also consecutively secured financing, coupled with a dense IPO schedule, leading to a continuous diversion of funds. If this strong bloodletting continues, the market will naturally struggle to hold up.
That is why I say that this round of Hong Kong stocks might be nearing its end. The uncertainties will be greater in the second half of the year, especially for new stock offerings, which may no longer be a sure-win gaming opportunity. The key still lies in liquidity; once it recedes, the excitement can easily turn into a stampede.
昨日建仓，...

$XIAOMI-W (01810.HK)$
From buying around 28 yuan for the first time to now, buying low and selling high, occasionally making mistakes, my cost is now only over ten yuan. After reducing my shareholding of 300 shares, there are still 200 shares left. Xiaomi is worth holding for three generations. 🤣🤣🤣🤣

$XIAOMI-W (01810.HK)$ with the latest sales more than 500k sales order of YU7 & avg amount lets assume 280k each car, bringing the sales to the company with the currrent PE.. whats the shares reasonable price range ?

$XIAOMI-W (01810.HK)$ whats you all avg price here ?

$XIAOMI-W (01810.HK)$ fantastic report but if everyone know tmr is a big rise, will those institution will press down the price ?

$Chagee Holdings (CHA.US)$ wondering who dump the stocks while ipo price is 28… or all the founderor executers dump it ?

$CATL (03750.HK)$ lets goo

$HEXIND (0161.MY)$ $HEXTAR (5151.MY)$ if im truly believe Luckin Coffee will dominate the market of Malaysia, Buy Hextar shares or Hexind shares ? plesse give opinion 🙏💕

$HAIDILAO (06862.HK)$ avg 19.5$, should i take a loss before a small pump before dividend date ? or just hold forrver